Q: Can a Chancellor change the value of real property from what was the appraised value agreed upon by the parties.
The chancellor changed the value on three investment properties (rental properties) that were awarded to the wife by a total of $167,000.00 from the appraised value agreed upon by the parties.
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A: Yes... He can accept value evidence or reject it. It could be grounds for appeal or a post trial motion. His discretion will be given alot of credence.
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